Managing Credit and Debt Archive

There is a popular misconception concerning low limit credit cards helping to  improve credit? That is actually not a true statement at all.  Lower limit credit cards are usually only sent to those who have …

Financial incentives and penalties can motivate many consumers to change their spending habits. The lure of a lower interest rate on a balance transfer card; the reluctance to pay a surcharge for using a credit …

Why landlords run credit checks on potential tenants A popular adage says “those who do not remember the past are doomed to repeat it.” A landlord that does not check a potential tenant’s credit report …

To refinance credit card debt means to take out a new loan usually with favorable terms to cover your credit card debts. This is one way on how to get rid of those credit card …

Most banks such as Citibank, Chase, and Wells Fargo give new checking account customers the opportunity to use a debit card that could, well, “give something back.”  That “something” may be points or even …

Improving your credit score can be easy. A good credit score is above 700. Having a good credit score is important for several reasons: lower interest rates, getting a loan, and lower insurance premiums. Pull …

With the economy being worse than ever before, and so many people losing their jobs , learning how to manage your finances better is essential, not only because it will help towards saving money, but also …

Consumers with bad credit can be severely hampered from obtaining unsecured credit cards with more than a low credit limit. Those with a bad credit history and a resultant low credit score are excluded from …

These days, having a good credit rating is essential.  You need credit to make major purchases like a home or car, to qualify for utilities, and to even get a job.  The better your credit …

The optimum way to astutely use credit cards is to view them as a convenient tool to bolster your credit rating, whilst offering an interest free grace period. This allows your money to be working for you elsewhere …

When considering your credit score the majority of creditors look at your Fico score issued by the Fair Isaacs corporation. Once secrecy surrounded their scoring algorithm but now there is transparency in how the score …

Lets face it, these days having a good credit score is essential in order to obtain even decent interest rates on credit. The days of instant pre-approval, no credit checks, and bad/ no credit accepted …

The Grameen Bank is a micro-credit lending institution located in Bangladesh, and the only business corporation in the world to have won a Nobel Prize for its work. However, two recent documentaries about the bank …

Credit score is a numerical expression of an individual’s credit worthiness.  FICO score is the most widely used credit score model in the United States of America.  Credit score is a three digit number ranging …

In the reality of today’s economic climate, getting along without a budget is sure to lead to insolvency. No one can afford the luxury of spending without thought as to where money goes. Those morning …

You may be trying to build your credit score for the first time or you may be trying to improve your credit rating after hitting hard times.  Low limit credit cards may seem like the perfect opportunity …

It seems like you can’t throw a stick these days without hitting a rewards card program. Nearly every bank, large or small, has subscribed to the prevailing consumer centric system of rewarding their customers for …

Three quarters of all Americans are reliant on credit in one form or another and credit bureaus have an enormous impact on people’s lives, to a far greater extent than in other countries. The pervasive …

You may have heard ‘The Dave Ramsey Show’, a nationally syndicated radio program in which Mr Ramsey gives financial advice to millions of listeners. Mr Ramsay is self educated in finance after acquiring huge debts …

Credit cards embedded with radio frequency identification (RFID) chips enable consumers to use their cards by simply waving them in front of an RFID reader. Examples of these contactless cards include MasterCard’s PayPass and American …

Most stores that offer credit cards do so with an extremely high interest rate. When applying for a credit card take a look at the terms before you make the decision. If you cannot afford …

Credit card fraud is a leading form of identity theft with the Internet Crime Complaint Center reporting that, “people lost $559.7 million to online fraud in 2009.” The media is packed with reports of people …

Credit cards are a great tool which enable consumers to spread the cost of large purchases. Problems arise, however, when consumers begin to think of the credit available on their card as ‘free money’. Credit …

Recent reports in the UK have shown that there is a great deal of financial illiteracy which hampers people from making informed decisions regarding their finances. The suggestion has been raised that adults must take …

In today’s economy, it has become increasingly hard to get credit. If you have a low credit score, it will be really hard to get credit, and you might be faced with a situation where …

A teenager with a credit card! Let’s consider this for just a moment. On the plus side there is the fact that they won’t be asking for money practically every day leaving us parents with …

While the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit Card Act) was designed to safeguard and protect consumers, it may ultimately prevent some consumers with good credit from getting a credit card …

When you start digging your way out of debt, you also want to concentrate on improving your credit score. Having a good credit score helps you in many ways: lower interest rates, the ability to …

While earning a credit card debt can be a fun and rewarding experience, most find that the struggle to repay it isn’t. So even though the basic rules of credit card management are all too …

Having in no small part contributed to the reckless spending culture in Britain, banks have now clamped down and are rejecting up to half of all applications for credit. As the cost of living continues …